U.S. stock-index futures dropped sharply late Thursday on news that a Republicans had cancelled a vote on their back-up measure to prevent the end of the Bush tax breaks for those earning $1 million or less. A little more than half an hour after House Speaker John Boehner said he was killing the vote due to lack of support, the Dow Jones Industrial Average futures were down 1.5%, the S&P 500 futures were 1.4% lower, and Nasdaq futures were off 1.3%. The cancelation appeared to signal dissent in the Republican ranks, reducing the odds on a timely deal to avert the fiscal cliff of austerity measures due to take place at the start of the new year. The news also hit Asian markets trading at the time, with Hong Kong stocks falling and Japanese shares coming off their earlier highs.

This reaction in the market (and metals prices) is as emotional as these posts. The dollar’s strength is based PURELY on confidence in America and its capitalist system.

Absolutely NOTHING good has happened to the American system for over four years that would provide a solid reason for confidence in the dollar to increase. Our economy (and its data) is a total disaster and getting worse, not better. And the world knows it.

The dollar is NOT getting stronger. It will require a good reason for that to happen and while we have a government that is hellbent on destroying our economy, with the world watching and warning, that will not happen.

I’m beginning to believe it’s extremely manipulated. Otherwise, we go over the cliff and metals go down. They reach an agreement and they go down. They raise taxes or lower taxes and metals go down. Then for the same reasons metals go up.

Oh, Obama and his socialist accomplices will try this tired mantra, but Obama OWNS the economy now. They will have to blame the Repubs, in general, which they will try to do — but it is Obama that sits in the Oval Office. Does not matter what happens or what the House Repubs do, they will still get blamed for Obama’s insanity, destructive socialism , incompetence and the list goes on and on. We are too painfully aware of the damage and destruction yet to come via Obamacare, the Marxist timebomb, and all the secret plans to undermine the American capitalist system and our Constitution.

So the Repubs should man-up because they will be blamed for everything that Obama does, just as over the past four years. Save America should be thier battle cry.

Absolutely NOTHING good has happened to the American system for over four years that would provide a solid reason for confidence in the dollar to increase. Our economy (and its data) is a total disaster and getting worse, not better. And the world knows it.

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